India, Feb. 27 -- Gold prices fell sharply on Thursday as investors shifted focus to upcoming U.S. inflation data, which could shed more light on the outlook for interest rates.
Spot gold fell almost 1 percent to $2,886.15 per ounce in European trade while U.S. gold futures were down 1.1 percent at $2,898.34.
A firmer dollar and higher Treasury yields weighed on prices, offsetting concerns over U.S. trade tariffs on Europe, Canada, and Mexico.
U.S. President Donald Trump has threatened to slap 25 percent tariff on imports from the European Union and indicated that the effective date of the levies on imports from Mexico and Canada could be pushed back from March 4th to April 2nd, the same day he purportedly plans to announce reciprocal ta...